Pay2ID​
Real-Time Payments By Identity
Key Capabilities
Instant payments 24*7*365 to anyone with a South African ID number and a cellphone number.
Pay2ID was developed in conjunction with TymeBank and enables business clients to make bulk and individual payments to verified individuals via the easy-to-use Payz Payments Gateway.
Recipients are biometrically verified for the first payment providing recipient identity certainty, and ongoing payments can be easily and safely made.
USE CASES FOR PAY2ID
- Any business that has a need to make low-cost, instant payments to beneficiaries, where recipient identity certainty is a requirement.
- Examples of beneficiaries include employees, contract / seasonal / piece workers, and dividend / insurance / grant / gaming beneficiaries.
- Pay2ID has many applications and when integrated into the operations of a business provides significant process efficiencies
Benefits To Payee
Instant receipt of payment into a low-cost, easy-to-use, and functionally rich TymeBank account.
No monthly account fees and most transactions are free including Debit Cards, EFT’s to other banks, cash withdrawals and deposits at PnP and Boxer stores.
The account is opened on the TymeBank website, by downloading the App, or at a TymeBank kiosk located in PnP’s, Boxers & TFG (Foschini Group stores such as JET)
+5 Million people have opened TymeBank accounts in 3 years demonstrating that it is the best digital and value for money bank account in the market.
Brands That Trust Us
A Story Etched in South Africa's Payments History..
With over four decades of experience, our founders were at the forefront of the EFT revolution in South Africa. We helped build the very systems that underpin the country’s financial landscape. This is our legacy and your guarantee of proven expertise.
